The specialised M&A, banking and finance teams of HAVEL & PARTNERS provided comprehensive legal advice to Turkish company TURK Electronic Para on the acquisition of Czech fintech start-up Twisto Payments. The seller was Australian firm Zip.

The financial services provider Twisto has introduced the first Buy Now, Pay Later (BNPL) payment system in the Czech Republic. Besides deferred payments, it also allows customers to make purchases in instalments in its partner online stores. The innovative fintech start-up was acquired by Australian firm Zip in 2021 which has now sold it as part of a series of divestments of its European entities.

The legal advice to the buyer was managed by partner Jan Koval, senior associate Josef Bouchal and junior associates Ján Mozoľ and Jan Skalný for mergers and acquisitions, and advice from the perspective of financial regulation was provided by managing associate Martin Stančík and related competition aspects were considered by associate Martin Rott.

Three years ago, HAVEL & PARTNERS’ experts also advised venture capital firm Elevator Ventures, which originally invested in fast-growing start-up Twisto in the Series C funding round.